ALMASRIA UNIVERSAL AIRLINES, Egypt leased ex-Sky Angkor A321-200 (1629) with CFM56s from Carlyle Aviation Partners. Separately, it acquired ex-Hi Fly A321-200 (1004) with V2500s and now has four A321s/two A320s/two 737s.
FLYDUBAI had record AED2.5b earnings for 2024, up 16% vs 2023; revenues rose 15% to AED12.8b. It has 88 aircraft, but says it did not receive any of the aircraft that were contractually scheduled to be delivered in 2024 from Boeing.
HONDA AIRCRAFT began production of first HondaJet Echelon test unit with start of assembly of wing structure in Greensboro, NC; first flight is planned in 2026 and aircraft is designed to be first light jet with US transcontinental range.
PRATT & WHITNEY completed Detailed Design Review (DDR) for its XA103 adaptive cycle engine for USAF's Next Generation Adaptive Propulsion (NGAP) program; prototype engine is expected to begin testing in late 2020s.
FREEMAN HOLDINGS GROUP added its first two FBOs in Texas via acquisition of MILLION AIR LUBBOCK and FREEMAN JET CENTER ABILENE (previously known as Lubbock Aero and Abilene Aero, respectively) and now has 24 FBO locations.
SPIRIT AIRLINES received Bankruptcy Court approval for its Plan of Reorganization in which it will equitize $795m of funded debt, receive $350m of new equity investment and issue $840m aggregate principal amount of new senior secured debt to existing bondholders upon emergence from Chapter 11 with new revolving credit facility of $300m.
